study of four supermarket chains found the average annual cost of changing prices was $105,887,which represents 0.70 percent of revenues and an astounding __________ percent of net margins.
A) 10.0
B) 23.6
C) 35.2
D) 38.9
E) 43.0

Question

Quizplus · Accepted Answer

The cost of changing prices is 0.70 percent of revenues, and if this represents 35.2 percent of net margins, it implies that net margins are approximately 2 percent of revenues (0.70/35.2 = 0.02).

Study of Four Supermarket Chains Found the Average Annual Cost